HC Deb 20 December 1972 vol 848 c388W
Mr. Denzil Davies

asked the Chancellor of the Exchequer whether, in view of the entry of the United Kingdom into the Common Market, Section 482 of the Income and Corporation Taxes Act 1972, in so far as it prohibits the transfer abroad of the trade or business of a company resident in the United Kingdom, will continue to operate after 1st January 1973 in respect of transfers to other European Economic Community countries.

Mr. Nott

Treasury consent under Section 482 will continue to be required for such transfers.